Blogs

Oil News: Gulf loses steam as optimism over oil producer deal fades. Oil prices fell on Thursday on concerns about oversupply amid a slowing global economy, alth...

The Dubai Statistics Centre released its January consumer price data for the emirate which showed that transport cost inflation, which accounts for 9 percent of total inflation, fell 4.1 percent year-on-year as the UAE cut gasoline prices...

UAE Economy : Economic confidence among Mena CEOs falls to 3-year low. UAE likely to ratify federal debt law this year which shall allow federal government to issue bonds to raise bonds. Sovereign funds' selling could hit $700bn of Europea...

UAE private sector growth slumps to near 4-year low in January. Perfect storm for UAE small businesses as payments, hiring and confidence all drop The World Bank said that economic growth in Middle East and North Afri...

UAE banks report drop in demand for credit.   70% of planned UAE real estate 'will fail to materialize in 2016.   Dubai tourism allure undiminished by New Year’s Ev...

Dubai’s biggest landlord warns developers of “tough period ahead. Dubai property prices, rents forecast to soften further in 2016. Dubai villa oversupply leads to 18% drop in prices at The Springs. Saudi Arabia's econo...

Developing countries face ‘new reality’ of lower growth, says IMF. VAT to be introduced in UAE in 2018 @ 3-5%: Official. Commodities are the most prone to squeezes in both directions....

Global growth will be disappointing in 2016: IMF chief.   Most Gulf economies to see slowdown in 2016, says Fitch.   GCC likely to see projects scaled back, delayed as cheap oil bites.   GCC 'real' pay rises to dip be...

[vc_row][vc_column][vc_column_text]No plan for taxes on incomes or remittances in UAE, minister says. VAT in the Gulf: Agreements reached recently by members of the GCC on certain design aspects of value added tax...

Modest wage outlook for GCC workers in 2016: Workers in the GCC countries can expect a real wage increase of 2.3 per cent in 2016, the lowest of these being the UAE where salaries are expected to increase by 0.9 per cent, taking infl...